The AI Reports

3Commas

What is 3Commas?

3Commas is a crypto trading platform designed to offer users smart tools to manage their trades and automate strategies. The platform integrates with major cryptocurrency exchanges, allowing for DCA (Dollar Cost Averaging) and GRID bots, along with Smart Trade terminal features for enhanced trade automation. With a focus on providing solutions for various market conditions, 3Commas aims to optimize trading and help users manage their crypto portfolio efficiently.

It supports multiple trading bots for different strategies like shorting or composite bots, and users can even adopt successful strategies from other traders. The platform also boasts a secure system for executing trades and touts an approachable user interface suitable for traders of all experience levels.

3Commas is particularly recognized for its partnership with exchanges like Binance and OKX, reflecting its commitment to broad accessibility and advanced trading tools across various market environments.

3Commas use cases

  1. A trader automating their crypto trading strategy.
  2. An investor managing and tracking their entire crypto portfolio.
  3. A user copying successful trading templates from experienced traders.
  4. A professional employing advanced order types for trade optimization.

3Commas functionalities

  • Automate Trades: Execute strategies 24/7.
  • Portfolio Management: Consolidate assets in one interface.
  • Security: Use API keys without withdrawal permissions.
  • Copy Strategies: Adopt winning templates from others.

Pros and Cons

Pros

  • Offers a variety of trading bots.
  • Advanced management interface for crypto trading.
  • API integration with major exchanges.
  • User-friendly platform suitable for different experience levels.

Cons

  • May be complex for absolute beginners.
  • Dependent on exchange API stability.
  • Trading fees may impact profitability.

3Commas pricing

FeatureBeginnerPro*Expert*
Monthly Price$4$25$40
Annual PriceSave $12 with annual paymentSave $288 with Black Friday offerSave $468 with Black Friday offer
Active SmartTrades1050Unlimited
Running Grid Bots21050
Running Single-Pair DCA Bots550 (include Multi-pair DCA)250 (include Multi-pair DCA)

3Commas reviews

4.1

Based on 1518 reviews online

User reviews of 3Commas highlight a range of experiences from its user base. Many users find the platform easy to use, praising its step-by-step setup and a wealth of helpful bot functions available even in the free tier. This accessibility and reliability make it an appealing choice for both newcomers and seasoned traders.

Despite its strengths, some users point out shortcomings in the platform’s technical performance, including a lag in API responsiveness. This issue, while not universally experienced, suggests that there’s room for improvement in the platform’s real-time response capabilities, which is crucial for trading efficiency.

More concerning are the reports of security issues and reliability problems, especially during market volatilities and environmental changes on the platform. These issues have led to significant losses for some users, raising questions about the platform’s ability to protect user assets and perform consistently under stress.

The verdict on 3Commas is mixed. While the platform offers user-friendly features and a variety of trading tools that many find valuable, the reported technical and security issues cannot be overlooked. It seems the platform has both strengths and areas for improvement, particularly in terms of reliability and safeguarding user investments.

User reviews

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3Commas FAQ

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About the author

M. Kooiker

M. Kooiker

As an experienced online marketeer with a longstanding interest in AI, I've immersed myself in the latest AI advancements in recent years. Passionate about innovation, I actively test AI tools and dedicate myself to guiding users in selecting the right technology. My mission is to connect people with cutting-edge AI solutions.